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    Question

    Which  payment company  has launched its Account

    Aggregator (AA) services via its wholly-owned subsidiary that will enable Indian consumers to share their financial data with regulated financial institutions or Financial Information Users (FIUs) for purposes such as loan applications, purchasing insurance, receiving investment advice, among others?
    A Paytm Correct Answer Incorrect Answer
    B PhonePe Correct Answer Incorrect Answer
    C Google Pay Correct Answer Incorrect Answer
    D Mobikwik Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    PhonePe has launched its Account Aggregator (AA) services via its wholly-owned subsidiary PhonePe Technology Services (PTSPL). The AA services will enable Indian consumers to share their financial data with regulated financial institutions or Financial Information Users (FIUs) for purposes such as loan applications, purchasing insurance, receiving investment advice, among others.  PTSPL has integrated with various FIPs such as YES Bank, Federal Bank, and AU Small Finance Bank, among others.

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